Why does Interest Surcharge appear on my Statement of Fees?

Interest surcharge is a Bank of Ireland charge that is applied to your account in the instances detailed below. Firstly, it can be applied:

  1. where your account does not have an overdraft facility and goes overdrawn or;
  2. where you have an overdraft on your account and you exceed the overdraft limit

Secondly, Interest surcharge can be applied to your account in instances in which you have an overdraft on your account and the account is not in credit for at least 30 days each year (does not need to be consecutive) while the overdraft facility is in place. This charge is called "Non-Reversion to credit for 30 days during a 12 month period."

This charge can be applied to your account even in instances in which you have not exceeded an agreed overdraft limit on the account.

For more information in relation to interest surcharge and how it is applied to your account please refer to the Schedule of Fees & Charges for Personal Customers which is available on our website or in one of our branches.

Last updated: December 20, 2019

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